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Dear Congress: Don't Derail the Jobs Recovery
53 Dec 5, 2014 10:40 AM EST
By The Editors
The U.S. jobs market is making impressive progress toward repairing the damage done by the 2008 recession. Note to Congress: Please don’t screw it up.
November's surprisingly strong employment report offers an encouraging sign that the U.S. recovery is gaining momentum. The estimated increase of 321,000 in nonfarm payrolls, the largest in almost three years, marks the 11th straight month in which job gains have exceeded what's needed to compensate for natural growth in the labor force.
As a result, the share of the population with jobs is gradually moving back toward what would have been considered normal before the recession. The Labor Department estimates that as of November, a seasonally adjusted 76.9 percent of people age 25 to 54 were employed. That's still about 3.9 million short of the 10-year pre-recession average, but more than a million closer than in December 2013.
Graphic really shows how how many jobs we need - just to get back to the pre-Bush fiasco.
Because its what Republicans do, my bet is that the Repub congress will put us right back on a downward path.
53 Dec 5, 2014 10:40 AM EST
By The Editors
The U.S. jobs market is making impressive progress toward repairing the damage done by the 2008 recession. Note to Congress: Please don’t screw it up.
November's surprisingly strong employment report offers an encouraging sign that the U.S. recovery is gaining momentum. The estimated increase of 321,000 in nonfarm payrolls, the largest in almost three years, marks the 11th straight month in which job gains have exceeded what's needed to compensate for natural growth in the labor force.
As a result, the share of the population with jobs is gradually moving back toward what would have been considered normal before the recession. The Labor Department estimates that as of November, a seasonally adjusted 76.9 percent of people age 25 to 54 were employed. That's still about 3.9 million short of the 10-year pre-recession average, but more than a million closer than in December 2013.
Graphic really shows how how many jobs we need - just to get back to the pre-Bush fiasco.
Because its what Republicans do, my bet is that the Repub congress will put us right back on a downward path.
